I completely agree. Boomers were also fortunate to be raised shortly after the "Great Depression". They were taught well by their parents/families.
The "Consumer economy" was foisted upon the masses to enable the fraudulent fiat fedbux to spread like wildfire around the world following WWII. The GenX'ers got a small taste of this propaganda, the Millennials got a fuller dose, while the Zoomers have had nothing but the "consumer-bug" indoctrinated into their consciousness.
There are many factors. But I'd be a lot richer if my checking/savings/MMF accounts were paying me 5-7% for doing nothing like the boomer-generation benefited from.
And to be clear, I'm not assigning any blame toward your generation, or any other for that matter. It is what it is. The bottom line is, the masses have been educated into an astonishing state of ignorance that isn't going to be simple to unwind. We're right at the beginning of it now - the "Great Awakening" has begun.
Not only that, but we are also nearing the end of "The Fourth Turning." I highly recommend that book, but because it IS rather technical with lots of charts and tables, there is a summary available. The authors' 1997 book predicted that we would be in a "fourth turning" (a time of CRISIS) from about 2005 to 2025. They were right, and we are nearing the end of this Crisis period. What awaits us is a new beginning within the next couple of years. It's exciting to watch!!
I've read it and I agree. It's an exciting time to be alive! I do believe something quite new is on the way. Impossible to predict based on the past as it has never happened before. But nobody knows anything for sure. Hence, the palpable excitement!
I completely agree. Boomers were also fortunate to be raised shortly after the "Great Depression". They were taught well by their parents/families.
The "Consumer economy" was foisted upon the masses to enable the fraudulent fiat fedbux to spread like wildfire around the world following WWII. The GenX'ers got a small taste of this propaganda, the Millennials got a fuller dose, while the Zoomers have had nothing but the "consumer-bug" indoctrinated into their consciousness.
There are many factors. But I'd be a lot richer if my checking/savings/MMF accounts were paying me 5-7% for doing nothing like the boomer-generation benefited from.
And to be clear, I'm not assigning any blame toward your generation, or any other for that matter. It is what it is. The bottom line is, the masses have been educated into an astonishing state of ignorance that isn't going to be simple to unwind. We're right at the beginning of it now - the "Great Awakening" has begun.
Not only that, but we are also nearing the end of "The Fourth Turning." I highly recommend that book, but because it IS rather technical with lots of charts and tables, there is a summary available. The authors' 1997 book predicted that we would be in a "fourth turning" (a time of CRISIS) from about 2005 to 2025. They were right, and we are nearing the end of this Crisis period. What awaits us is a new beginning within the next couple of years. It's exciting to watch!!
I've read it and I agree. It's an exciting time to be alive! I do believe something quite new is on the way. Impossible to predict based on the past as it has never happened before. But nobody knows anything for sure. Hence, the palpable excitement!